# Upstart

> Upstart is a public AI lending marketplace that connects consumers seeking credit with more than 100 banks and credit unions. Its software combines borrower acquisition, automated verification, fraud detection, credit-risk modeling, loan documentation and servicing across personal loans, auto loans, home-equity lines and a revolving Cash Line. Upstart earns mainly transaction, referral and servicing fees, with smaller software-subscription and lending-related revenue streams.

- **Founded:** 2012
- **Headquarters:** Burlingame, United States
- **Founders:** Paul Gu (Co-founder and CEO), Dave Girouard (Co-founder and Executive Chair), Anna M. Counselman (Co-founder; former SVP, People and Operations)
- **Team size:** 1,405 full-time employees as of December 31, 2025
- **Products:** Personal Lending, Upstart Auto Finance, Small Dollar Relief Loans, Upstart Home Lending, Cash Line
- **Notable:** Reached more than 4 million customers and more than $61 billion in cumulative originations by June 30, 2026., Built a network of more than 100 bank and credit-union partners., Reported that 91% of Upstart-powered loans were fully automated in Q1 2026.

## Products & services

- **Personal Lending** — AI-enabled personal loans delivered through the Upstart referral marketplace or a lender-branded digital experience, with acquisition, underwriting, verification, documentation and servicing capabilities.
- **Upstart Auto Finance** — Retail auto and refinance lending tools for consumers, dealers and capital partners, including instant decisioning and dealership software.
- **Small Dollar Relief Loans** — Smaller-dollar installment credit intended to provide an alternative to high-cost short-term borrowing.
- **Upstart Home Lending** — A digital HELOC product originated by Upstart Mortgage and sold to lending partners, with conditional approval in minutes and automated property and identity verification.
- **Cash Line** — A revolving line of credit offering approved consumers access from at least $200 up to $5,000, launched in beta and scheduled for broader availability in 2026.
- **Loan Servicing and Portfolio Operations** — Payment processing, reconciliations, borrower support, institutional reporting, collections coordination and related lifecycle services for most Upstart-powered loans.

## Achievements

- Reached more than 4 million customers and more than $61 billion in cumulative originations by June 30, 2026.
- Built a network of more than 100 bank and credit-union partners.
- Reported that 91% of Upstart-powered loans were fully automated in Q1 2026.
- Completed an IPO on Nasdaq in December 2020 under the ticker UPST.
- Grew 2025 originations 86% to roughly $11 billion and revenue 64% to about $1 billion.
- Returned to GAAP profitability in Q2 2026, reporting $16.5 million of net income.
- Received conditional OCC approval in July 2026 to establish Upstart Bank, N.A.; other required approvals remain pending.

## Latest updates

- **2026-08** — Reported Q2 originations of $4.2 billion, revenue of $365 million and GAAP net income of $16.5 million; reaffirmed full-year revenue guidance of approximately $1.4 billion.
- **2026-07** — Received conditional approval from the OCC to establish Upstart Bank, N.A.; FDIC and Federal Reserve approvals and other conditions remain outstanding.
- **2026-05** — Co-founder Paul Gu became CEO, while co-founder Dave Girouard moved to executive chair and special adviser.
- **2026-05** — Appointed former Santander US chief executive Tim Wennes to the board.
- **2026-02** — Introduced Cash Line, a revolving credit product with lines up to $5,000 and broader availability planned during 2026.
- **2026-02** — Began publishing monthly origination volume to improve visibility into marketplace activity.

## Links

- Website: https://www.upstart.com
- LinkedIn: https://www.linkedin.com/company/upstart-network
- Twitter/X: https://twitter.com/Upstart
- YouTube: https://www.youtube.com/@UpstartNetwork
- Facebook: https://www.facebook.com/TeamUpstart

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Profile page: https://yespress.io/upstart
Published by YesPress — https://yespress.io
Last updated: 2026-08-11